One of the most significant investments you made in your life is buying home. Like any other important investment, buying a home also demands the complete awareness from your side about what will you be getting out of the deal. To get aware about the home is what inspection is for; this awareness will help in reviewing and knowing any points of concern. Let’s see how inspection works.
1. When you make an offer of buying a home, inclusion of inspection contingency becomes a part of it. At your own expense the inspection is arranged and its feedback will tell you whether to go on with the deal or not.
2. The entire home will be inspected; its condition and components will also be examined for any areas of concern. After the completion of inspection a report will be prepared by the inspector which will point out any concerning issue if present. You will have to be present there in person while inspection is carried out; this will enable the inspector to brief you about any issue right there in person.
3. After the inspection report is made, you can discuss it with your real estate agent for reviewing it and then decide to whether address the concerning issue to the seller. This is important because it will be crucial for requesting repairs to the seller or ask for credit for compensation of repair costs.
Through inspection, you come to know about issues regarding safety and standards. You can decide whether to carry forward the deal or call it off in case the seller doesn’t cooperate with repairs or providing credit for covering costs.
Like most of the real estate endeavors, we would be more than happy to help and guide you with this aspect also, feel free to contact us.